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Nextracker (NXT) Advances But Underperforms Market: Key Facts
ZACKS· 2024-10-09 22:51
In the latest market close, Nextracker (NXT) reached $35.24, with a +0.31% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.6%. Coming into today, shares of the solar energy equipment supplier had gained 6.2% in the past month. In that same time, the Oils-Energy sector lost 3.93%, while the S&P 500 gained 6.41%. Analysts and investors alike will be keeping a close eye on the performance of ...
Why Nextracker (NXT) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-10-02 17:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Nextracker (NXT) , which belongs to the Zacks Solar industry. This solar energy equipment supplier has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 51.81%. For the last reported quarter, Nextracker came out with earnings of $0.93 per share versus the Z ...
NEXTracker Inc (NXT) Shares Down 4.05% on Oct 2
GuruFocus· 2024-10-02 16:10
Shares of NEXTracker Inc (NXT, Financial) fell 4.05% in mid-day trading on Oct 2. The stock reached an intraday low of $35.93, before recovering slightly to $36.49, down from its previous close of $38.03. This places NXT 41.44% below its 52-week high of $62.31 and 13.53% above its 52-week low of $32.14. Trading volume was 858,072 shares, 26.4% of the average daily volume of 3,244,762. Wall Street Analysts Forecast Based on the one-year price targets offered by 27 analysts, the average target price for NEXTr ...
Is Nextracker (NXT) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-10-02 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Nextracker (NXT) . Nextracker currently has an average brokerage recommendation (ABR) of 1.45, ...
Next Shares Rise 3% As Full-Year Estimates Hiked
Forbes· 2024-09-19 08:59
Photographer: Jason Alden/Bloomberg © 2024 Bloomberg Finance LP Next shares rose in value on Thursday after the retailer increased its full-year sales and profits guidance. At £106.05 per share, the FTSE 100 company was last dealing 2.6% higher on the day. In its half-year trading statement, Next said that sales rose 8% between February and July, to £2.9 billion. This was driven by sales of full-price items increasing 4.4% from the same 2023 period. As a result, pre-tax profit moved 7.1% higher, to £452 mil ...
Nextracker (NXT) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-09-18 22:51
Nextracker (NXT) closed the latest trading day at $36.84, indicating a -1.34% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%. The the stock of solar energy equipment supplier has fallen by 5.71% in the past month, lagging the OilsEnergy sector's loss of 2.45% and the S&P 500's gain of 1.57%. The upcoming earnings release of Nextracker will be of great interes ...
Nextracker (NXT) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-09-12 22:51
The latest trading session saw Nextracker (NXT) ending at $35.83, denoting a +0.11% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.75% for the day. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. Shares of the solar energy equipment supplier have depreciated by 6.46% over the course of the past month, underperforming the Oils-Energy sector's loss of 4.12% and the S&P 500's gain of 4.03%. Analysts and investor ...
Brokers Suggest Investing in Nextracker (NXT): Read This Before Placing a Bet
ZACKS· 2024-08-26 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Nextracker (NXT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Nextracker currently has an average brokerage recommendation ...
Wall Street Bulls Look Optimistic About Nextracker (NXT): Should You Buy?
ZACKS· 2024-08-09 14:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Nextracker (NXT) . Nextracker currently has an average brokerage ...
Nextracker (NXT) - 2025 Q1 - Quarterly Report
2024-08-05 21:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41617 Nextracker Inc. (Exact name of registrant as specified in its charter) Delaware 36-5047383 (State or other jurisdiction of ...